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Latest Articles in Steel
Tata Steel Arm Cancels Definitive Agreements With HBIS Group To Divest Majority Stake In South-East Asia Business
Tata Steel will immediately begin engagement with other investors in continuation of its strategy to find a partner for the South-East Asian business.
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D K Mohanty Assumes Charge As RINL's Director (Commercial)
"Deb Kalyan Mohanty assumed charge as the new director (commercial) RINL-VSP on August 1, 2019. Prior to this assignment, he worked as executive director, chairman secretariat in SAIL," it said.
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ArcelorMittal Cuts Steel Demand View On Europe Slump
The Luxembourg-based company, which accounts for about 6% of the world's steel production, on Thursday said it now expected global apparent steel consumption, which includes inventory changes, to rise between 0.5% and 1.5% in 2019, from a previous forecast of 1%-1.5%.
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JSW Steel Consolidated Q1 Net Profit Falls To Rs.1028 Crore
Total Revenue (consolidated) of the company down by 3.45 per cent YoY to Rs. 19,812 crore compared with Rs. 20,519 crore in the same period 2018.
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ArcelorMittal South Africa To Cut More Than 2,000 Jobs, Shares Drop
Shares in the company, majority-owned by ArcelorMittal, dropped more than 10% after it said previous initiatives to reduce costs had proved insufficient and so it was contemplating a "large-scale" restructuring.
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Tata Steel Workers Lose Faith In Thyssenkrupp Deal: Works Council
The works council said Chandrasekaran told them Tata hopes to gain their support during a consultation period, but they told him that might not be possible due to the seriousness of the workers' reservations.
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NCLAT Directs NCLT Ahmedabad To Take Call On ArcelorMittal’s Essar Steel Bid By March 8
The NCLAT directive came while hearing an application filed by ArcelorMittal whose ₹42,000-crore takeover proposal of Essar Steel has been approved by the CoC, and is pending before the NCLT for approval
Read MoreJSW Steel To Buy U.S. Based Acero Junction For USD 81 Million
JSW Steel entered into a stock purchase agreement on Wednesday with JSM International Ltd, Acero Junction Holdings Inc and Acero Junction Inc for the acquisition, the steelmaker said in a statement
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Steel Demand Pick-up Positive For Industry: ICRA
The rise in demand was aided by a buoyancy in the automobile sector and recovery in the construction and capital goods sectors
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Looking To Expand Further In India: Tata Steel
Tata Steel is committed to further growing its business in India and is hoping to work more closely with the government, a top official said today.
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Jindal Stainless Revenue Up 36% To Rs 2608 Cr In Q2FY18
The net profit of 27 crore for the quarter was however down by 34 per cent, compared to the first quarter of 2018 which stood at 41 crore
Read MoreScandal-Hit Kobe Steel Seeks Loans, Shareholder Offers Support
Kobe Steel Ltd is seeking 50 billion yen ($440 million) in loans from banks, a banking source said on Monday, while a shareholder said it was ready to offer support as the company grapples with a scandal over falsified product specifications.
Read MoreKobe Steel Crisis Deepens As More Data Tampering Revealed; Shares Tumble
Apan's Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain.
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Tata Steel Sells UK Pipe Mills To Liberty House
Tata Steel said it had agreed to sell its pipe mills in the north of England to UK-based metals and industrial group Liberty House for an undisclosed sum
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Bhushan Steel Fourth-quarter Loss Bigger Than Stated Earlier
Bhushan Steel reported a March-quarter loss that was much bigger than stated earlier in its unaudited results, as the debt-laden steelmaker was hurt by higher costs
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